Experian Analysis Shows that California and Florida Account
for 23 percent of all Convertible Vehicle Registrations

SCHAUMBURG, IL -- July 22, 2014: In the spirit of the summer season,
Experian Automotive released findings from an analysis looking at trends on
the ultimate summertime vehicle, the convertible. The analysis shows that
during the first quarter of 2014, convertible car buyers tended to have a
higher education and were more affluent than the average new car buyer.

In Q1 2014, more than 50 percent of all convertible buyers had at least
a bachelor's degree, while only 38.2 percent of average new car buyers had
a similar education level. Additionally, nearly 19 percent of consumers
purchasing a convertible had an average household income in excess of
$175,000, and 11.7 percent owned a home valued at more than $1 million.
Conversely, only 10.7 percent of average new car buyers had a household
income of the same level, and only 4.4 percent owned a home valued at the
same price.

"The one long-standing perception of convertible vehicles is that they
are driven predominately by consumers who live in sunny, coastal areas,"
said Brad Smith, director for Experian Automotive. "While that notion
certainly rings true, it's not the only difference. Our research shows that
convertible drivers also tend to be more affluent than the average new car
buyer. One explanation to this could be that more luxury brands tend to
have a convertible option."

As part of the analysis, Experian Automotive also looked where the
majority of convertibles were registered in Q1 2014. Findings show that 23
percent of all convertibles* in the United States were registered in either
California (13.4 percent) or Florida (9.6 percent), with Texas (7 percent),
New York (4.3 percent) and Illinois (3.9 percent) rounding out the top
five.

Additionally, the top five convertible vehicle models on the road during
the first quarter of 2014 were the Ford Mustang, Chrysler Sebring, Mazda
Miata/MX-5, BMW 3-Series and Chevrolet Corvette. The analysis also found
that the Ford Mustang was the convertible vehicle model of choice across
all 50 states.

Top five convertible vehicle
models on the road, Q1 2014

1. Ford Mustang

2. Chrysler Sebring

3. Mazda Miata/MX-5

4. BMW 3-Series

5. Chevrolet Corvette

Other findings include:

In Q1 2014, more than 72 percent of all consumers purchasing a
convertible were older than the age of 45, while only 60 percent of average
new car buyers were of the same age During Q1 2014, nearly 52 percent of
consumers purchasing a convertible did not have the presence of a child in
the household***; only 42 percent of average new car buyers did not There
were 4.5 million convertible vehicles on U.S. roads in Q1 2014, making up
1.8 percent of the entire vehicle market The top five convertible vehicle
makes on the road in Q1 2014 were Ford, Chrysler, BMW, Mercedes-Benz and
Chevrolet The DMA with the lowest volume of convertible vehicles in Q1 2014
was Glendive, Mont.